Corrected: Joint Economic Committee Releases State Foreclosure Data: Oregon Subprime Foreclosures Up 28% in 4th Quarter.

[Link to table below changed, and has now been updated].

This week Chuck Schumer , the '"other" NY Senator and Chair of the Joint Economic Committee, released a one page table of state foreclosure data using Mortgage Bankers of America survey data as the source HERE.

For Oregon the data show:

• 5,400 homes in foreclosure, 2,200 prime loans and 3,200 sub prime loans.
• A 6.9% increase in prime loans in foreclosure during the 4th quarter.
• A 28% increase in sub prime loans in foreclosure during the 4th quarter--that's a higher % increase than the national average increase of 23.1%.
• Nearly 1 in 25 Oregon sub prime loans being serviced were in foreclosure during the 4th quarter--12 times the rate of Oregon prime loans in foreclosure.